Section 3, Part A.1 - Owned Living
Quarters and Other Owned Real Estate - Screening Questions for Interviews
2 through 5 (If New Consumer Unit Go to Part A.2 )

Section 3, Part A.1, when there are owned properties on record from previous interviews, is used to update information
such as changes in existing mortgages or home equity loans, payments on home equity lines of credit, and any new
mortgages or home equity loans.

There are two basic types of home equity loans:
A loan where you or your CU received the entire lump-sum
borrowed when you or your CU took out the loan; or
A line of credit loan where you or your CU can increase the
amount borrowed by simply writing a check or using a special
credit card.